Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 91,167 people, 31,283 houses or apartments, and a median cost of homes of $345,442, real estate costs in Germantown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Row houses and other attached homes are the single most common housing type in Germantown, accounting for 40.77% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 29.13%), single-family detached homes ( 27.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.34%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 65.24% of Germantown's homes, and 58.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Germantown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Germantown built between 2000 and later ( 19.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.25%).
Homes have actually lost value in Germantown over the last then years, as home values have seen a decline of 14.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Germantown home appreciation rates at -0.63%, which equates to an annual appreciation rate of -2.49%.
Over the last year, Germantown appreciation rates have trailed the rest of the nation. In the last twelve months, Germantown's appreciation rate has been 0.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Germantown were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Germantown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Germantown's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Germantown real estate investment or home purchase decisions.
|$805,001 - $1,073,000||1.1|
|$537,001 - $805,000||18.0|
|$429,001 - $537,000||12.4|
|$322,001 - $429,000||20.5|
|$215,001 - $322,000||30.2|
|$108,001 - $215,000||14.2|
|$54,001 - $108,000||0.8|
|$0 - $54,000||2.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
2000 Q1 - 2017 Q4
|* 10 is highest|
|AGE OF Germantown HOMES|
|2000 or Newer||19.5|
|1970 - 1999||76.8|
|1940 - 1969||3.2|
|1939 or Older||0.5|
|TYPE OF Germantown HOMES|
|Small Apt. Buildings||2.3|
|SIZE OF Germantown HOMES|
|5 or more bedrooms||6.13|